csuralogov2
MEETING

October 14, 2015

SPECIAL MEETING AGENDA

Date:

October 14, 2015

Time:

9:00 a.m.

Place:

City Hall – Pikes Peak Conference Room

107 N. Nevada Ave, Second Floor

Colorado Springs, Colorado 80903

Agenda:

1.

Imagine Downtown Master Plan Update – Sarah Harris, Downtown Partnership

2.

Joint Meeting of the Downtown Development Authority and CSURA Overview – Wynne Palermo
Tentative Date: 9:00 November 10th. Location: TBD

3.

Colorado Sports and Events Center Cooperation Agreement (revised)

4.

Executive Session*

5.

US Olympic Museum – Engagement of Investment Banking Advisor and Bond Counsel

6.

Other Matters

7.

Adjournment

* As per CRS 24-6-402(4)(e)(I) Determining positions relative to matters that may be subject to negotiations; developing strategy for negotiations; and instructing negotiators; and CRS 24-6-402(4)(g) Consideration of any documents protected by the mandatory nondisclosure provisions of the "Colorado Open Records Act"...

The next meeting of the CS Urban Renewal Authority Board will be held on October 14, 2015. Copies of the Board agendas, minutes and audio recordings are posted on the Colorado Springs Urban Renewal Authority website.

Documents:

1.0

Imagine Downtown Update

Open PDF

3.0

City Assignment CSURA City LK Edits

Open PDF

3.1

CSURA - CSEC Agreement 9-23-2015-csura-rev (final)

Open PDF

3.2

Resolution C4C Event Center Cooperation Agreement

Open PDF

5.0

Engagement letter (Olympic Museum Project) (3)

Open PDF

5.1

GKB Investment Banking Agreement - US Olympic Museum (DN - 10-7) RL 2

Open PDF

Audio:

October 14, 2015 Transcript #1

October 14, 2015 Transcript #2

THE COLORADO SPRINGS URBAN RENEWAL AUTHORITY

HELD A SPECIAL MEETING ON WEDNESDAY

OCTOBER 14, 2015 AT CITY HALL, PIKES PEAK ROOM

107 NORTH NEVADA AVENUE, COLORADO SPRINGS, CO 80903

In attendance were:

COMMISSIONERS:

Merv Bennett

Tiffany Colvert

Valerie Hunter

Zachary McComsey

Nolan Shriner

Jim Raughton

Peter Scoville

Robert Shonkwiler

Wynne Palermo

Also in attendance:

David Neville

CSURA Legal Counsel

Jim Rees

CSURA Executive Director

Dean Beukema

CSURA Staff

Peter Wysocki

City Planning Director

Citizens in attendance:

BJ Hybl

Treasurer USOM Board of Directors

Mike Devine

Algonquin Advisors

Kristen Downs

USOM Director of Administration

Chris Blees

USOM Finance Committee

Bill Mahaffey

Lewis Roca Rothgerber, LLP

Robyn Moore

George K. Baum & Co.

Kurt Kaufmann

Sherman & Howard LLC

Sarah Harris

Downtown Partnership

Chair Wynne Palermo called the meeting to order.

Item 1 – Imagine Downtown Master Plan Update

Ms. Sarah Harris, Downtown Partnership gave a presentation on the update to the Imagine Downtown Master Plan. Ms. Sarah Harris stated that it is a public process with the primary goals of identifying actual projects and incorporating the planning efforts that are currently underway including the Parks Master Plan and 2040 Transportation Plan and incorporating them into the Imagine Downtown Master Plan as one plan. The big focus will be on improving public spaces, access points and mobility and how they can make changes so people will feel comfortable coming to the downtown. The work will be accomplished through the work of a Project Management Team; Consultants MIG and PUMA, Downtown Development Authority and City Department Directors. The Tactical Advisory Committee will consist of community and organizational leaders along with a Civic Leadership Committee that will be comprised of appointed leaders and support staff. The work teams will identify actionable tactics, incorporate planning efforts under way or completed by other civic and regional entities and recommend policy changes, partnership possibilities and revenue structuring to fully accomplish the plan’s vision. Ms. Sarah Harris stated they hoped to have the market assessment completed by the end of 2015. The draft and final plan update should be done in January 2016 and then they will start the approval process through the city with the Planning Commission, Downtown Review Board, Parks Board and City Council.

A community forum will be held on November 17th at Studio B from 6:00 – 8:00 p.m. which Ms. Sarah Harris invited the CSURA Board to attend.

Commissioner Merv Bennett stated that the construction of Highway 24 and I-25 will be a huge benefit in connecting the trail from America the Beautiful Park to the downtown area along with the bridge over the railroad tracks. Commissioner Jim Raughton commented he had visited the bridge that Lyda Hill had built in honor of her father in Dallas and hoped the design of this bridge would be as substantial. Mr. Peter Wysocki, Director of Planning stated that the people of Colorado Springs will not be disappointed in the design of this bridge and will be pleased with the access it affords pedestrian, hikers and cyclists.

Item 2 – Joint Meeting of the Downtown Development Authority and CSURA Overview

Chair Wynne Palermo stated that the Downtown Development Authority and the Colorado Springs Urban Renewal Authority would hold a joint meeting on Tuesday, November 10th from 9:00 – 11:00 a.m. at the Catalyst Campus, Harvey House at 555 East Pikes Peak Avenue.

Item 3 – Colorado Sports and Events Center Cooperation Agreement (revised)

Mr. David Neville gave an update on the revised Colorado Sports and Events Center Cooperation Agreement as presented in the agenda packet. The original agreement was approved by the CSURA Board in July 2015 and was sent to the Colorado Economic Development Commission in Denver for approval. The CEDC Board then sent it to legal for review with their main concern being that they did not want to approve something that might change later on.

Commissioner Merv Bennett asked if any of these changes encumber the City of Colorado Springs in any way. Mr. David Neville stated no, it would not but that the Colorado Economic Development Commission did ask who the designated representative of the City is. The City designated Robert C. Cope as the “Applicant’s Principal Representative”.

A motion was made by Commissioner Jim Raughton, seconded by Commissioner Valerie Hunter to approve a resolution of the Colorado Springs Urban Renewal Authority approving the Cooperation Agreement between the City of Colorado Springs, Colorado, for and on behalf of an entity to be formed to act as the project element sponsor for the project element known as the Colorado Sports & Event Center, and the Colorado Springs Urban Renewal Authority. The motion passed 9-0.

Item 4 – Executive Session – US Olympic Museum

Chair Wynne Palermo read the legal explanation as written on the agenda to go into executive session. A motion was made by Commissioner Tiffany Colvert, seconded by Commissioner Peter Scoville to enter into executive session. The motion carried 9-0.

Commissioners Merv Bennett and Nolan Schriner left the meeting.

The Board came out of executive session and reconvened into open session.

Item 5 – US Olympic Museum – Engagement of Investment Banking Advisor and Bond Counsel

Mr. BJ Hybl, Treasurer US Olympic Museum Board of Directors introduced Mr. Mike Devine, Algonquin Advisors, Ms. Kristen Downs, US Olympic Museum Director of Administration, Mr. Chris Blees, US Olympic Museum Finance Committee, Mr. Bill Mahaffey, Lewis Roca Rothgerber, LLP, Ms. Robyn Moore, George K. Baum & Company, and Mr. Kurt Kaufmann, Sherman & Howard LLC.

Discussion followed regarding the selection process of bond counsel and underwriters in connection with potential issuance of Colorado Springs Urban Renewal Authority Bonds, funded by the RTA grant for the United States Olympic Museum Project.

Mr. BJ Hybl stated the US Olympic Museum Board did not participate in the selection process, it was conducted exclusively by the Finance Committee and then one recommendation for Bond Counsel and one for the Bond Underwriter was then forwarded to the US Olympic Museum Board for conformation.

A motion was made by Commissioner Valerie Hunter, seconded by Commissioner Jim Raughton to approve Sherman & Howard LLC as bond counsel. The motion passed 7-0.

A motion was made by Commissioner Zachary McComsey, seconded by Commissioner Valerie Hunter to approve George K. Baum & Company as the bond underwriters. The motion passed 4-3.

Ayes: Chair Wynne Palermo, Commissioners Zachary McComsey, Valerie Hunter, Peter Scoville.

Nays: Commissioners Tiffany Colvert, Robert Shonkwiler, Jim Raughton.

Item 6 – Other Matters

There being no further business the meeting adjourned.

The next regular Urban Renewal Authority Board Meeting is scheduled for October 28, 2015.

Copies of the Board agendas, minutes and audio recordings are posted on the Colorado Springs Urban Renewal Authority website.

item4a2
Search
Nevadaafter1
Nevadaafter

 2017 Meetings

July 26, 2017
Joint Meeting July 17, 2017

June 28, 2017

Special Meeting June 15, 2017

May 24, 2017
April 26, 2017

Special Meeting April 7, 2017
March 22, 2017

February 22, 2017

January 25, 2017

m3

December 21, 2016
November 16, 2016

November 10, 2016

October 26, 2016

City Council, October 5, 2016

September 28, 2016
August 24, 2016
August 3, 2016

July 20, 2016

June 22, 2016

May 25, 2016
April 27, 2016

City Council, April 6, 2016
Special Meeting, April 6, 2016
March 23, 2016

February 24, 2016

January 27, 2016

 2015 Meetings

December 16, 2015
November 18, 2015

November 10, 2015 CSURA/DDA

October 28, 2015 Special
October 14, 2015 Special
September 23, 2015

September 14, 2015
August 26, 2015

July 22, 2015

June 24, 2015

May 27, 2015

May 7, 2015 Work Session

April 22, 2015

March 25, 2015

February 25, 2015

January 27, 2015

 2014 Meetings

December 17, 2014
December 4, 2014

November 19, 2014

October 22, 2014

October 7, 2014, Special
September 24, 2014

September 10, 2014 Special

July 23, 2014
June 25, 2014
May 28, 2014

April 23, 2014

March 26, 2014

February 26, 2014

January 22, 2014

m6

December 18, 2013
November 19, 2013
October 18, 2013
September 25, 2013
August 28, 2013

June 26, 2013
May 22, 2013
April 24, 2013
March 27, 2013

February 27, 2013

January 23, 2013

m7

November 28, 2012
October 24, 2012

September 26, 2012

August 8, 2012

July 25, 2012

June 21, 2012

May 17, 2012

April 19, 2012

March 15, 2012
March 5, 2012
February 23, 2012
January 31, 2012 Special Meeting
January 19, 2012
January 13, 2012 Special Meeting

m8

December 15, 2011
November 10, 2011
September 15, 2011
August 18, 2011
June 9, 2011
May 19, 2011
April 19, 2011
March 17, 2011
February 24, 2011
January 20, 2011

 2010 Meetings

December 15, 2010
October 28, 2010
September 16, 2010
July 15, 2010
May 20, 2010
April 6, 2010
February 4, 2010
January 21, 2010